For the option you calculated above, assume that the price is actually not what you calculated, but instead it is priced at $2.09 per share. Calculate the Implied Volatility of the option at that price.

question above: Use the CBOE Options Valuation Tool (Links to an external site.) to determine the value of an option with: Underlying priced at $48 and pays no dividends 68 days until the option expires You estimate the volatility of the stock's price to be 23% standard deviation. The risk free rate today is 1% This is an American style CALL option Strike price is $50 Enter the value of the option, per share, without any "$" punctuation.

answer:1.1321